Dr Jialong Li
Senior Lecturer
Newcastle Business School (Accounting and Finance)
- Email:jialong.li@newcastle.edu.au
- Phone:0249138533
Career Summary
Biography
Dr Jialong Li joined the Newcastle Business School as a lecturer in Finance in early 2019. Prior to joining the University of Newcastle, he was an assistant professor at Hunan University, China. Jialong received his PhD from University of Manitoba in Canada in 2017 and his research interests lie in areas of coporate finance, corporate governance and family business. He has been working with sholars from various research universities in Australia, the US, the UK, Canada and China and has published several papers in high quality journals like Journal of Business Research, Journal of International Financial Markets institutions and Money, European Journal of Finance and Finance Research Letters.
Jialong will teach business & finance and portfolio management at undergraduate level in 2019.
Research Expertise
Corporate Governance in Famiy Business & Small Business, New Venture Financing, Family Business Strategy, Corporate Social Responsibility
Qualifications
- Doctor of Philosophy, University of Manitoba - Canada
- Master of Science, Simon Fraser University
Keywords
- Corporate Finance
- Corporate Governance
- Corporate Social Responsibilities
- Family Business
Fields of Research
| Code | Description | Percentage |
|---|---|---|
| 350209 | Not-for-profit finance and risk | 100 |
Professional Experience
UON Appointment
| Title | Organisation / Department |
|---|---|
| Senior Lecturer | University of Newcastle Newcastle Business School Australia |
Publications
For publications that are currently unpublished or in-press, details are shown in italics.
Chapter (2 outputs)
| Year | Citation | Altmetrics | Link | ||
|---|---|---|---|---|---|
| 2015 | Li J, Shi Y, Wu Z, 'Transgenerational succession and financial risk taking of family firms: Evidence from China.' (2015) | ||||
| 2015 |
Li J, Shi Y, Wu Z, 'Transgenerational succession and financial risk taking of family firms: Evidence from China', 91-103 (2015)
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Journal article (13 outputs)
| Year | Citation | Altmetrics | Link | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 |
Su Y, Li J, Li Z, Wu C, 'CEO inside debt holdings and climate risk concerns in corporate acquisition', Finance Research Letters, 71 (2025) [C1]
This study examines how CEO inside debt holdings motivate CEOs to incorporate climate risk in corporate acquisition decisions through deal selection and valuation. Usin... [more] This study examines how CEO inside debt holdings motivate CEOs to incorporate climate risk in corporate acquisition decisions through deal selection and valuation. Using samples of intended and completed acquisitions executed by U.S. acquirers from 2006 to 2021, we find that when acquirers consider a target firm with a greater exposure to climate risk, acquirers with a higher level of CEO inside debt choose to discount their valuation for the target firm rather than drop the deal completely. These results suggest that CEO's debt-like compensation can be used to encourage CEOs to take climate risk concerns into their investment decisions.
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Open Research Newcastle | |||||||||
| 2025 |
Jin X, Li J, Wang Y, Wang Y, 'Substitutes or complements? Use of trade credit and bank credit by family SMEs', British Accounting Review, 57 (2025) [C1]
This research examines the intricate relationship between trade and bank credit, with a specific focus on family and nonfamily small and medium-sized enterprises (SMEs)... [more] This research examines the intricate relationship between trade and bank credit, with a specific focus on family and nonfamily small and medium-sized enterprises (SMEs). Our analysis of a sample of 3690 US SMEs reveals a distinctive pattern: Trade credit and bank credit act as substitutes for each other for family firms, but they serve as complements to each other for nonfamily firms. Furthermore, our findings highlight that this distinctive pattern is particularly pronounced in the contexts of low-performing SMEs and smaller SMEs. The results provide a nuanced understanding of the relationship between trade and bank credit and underscore the importance of considering the impact of a governance structure on an SME's financing behaviors.
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| 2021 |
Li J, Wu Z, Zhang L, 'Family involvement, external auditing, and the cost of debt: Evidence from U.S. small firms', Journal of Small Business Management, 59 675-699 (2021) [C1]
Small and medium-sized enterprises play important roles in modern business society but face difficulties in debt financing. The literature suggests that family involvem... [more] Small and medium-sized enterprises play important roles in modern business society but face difficulties in debt financing. The literature suggests that family involvement and external auditing can help small firms mitigate agency problems that impede access to loans. Our research examines how family involvement influences the effects of the cost of debt on different external auditing choices and how sending credible signals helps resolve the agency conflict between lenders and borrowers in small business financing. We find that when external auditing is used, family involvement does not significantly reduce the cost of debt for small firms. However, when external auditing is not used, family involvement has a significantly positive influence.
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Open Research Newcastle | |||||||||
| 2021 |
Luo X, Huang F, Tang X, Li J, 'Government subsidies and firm performance: Evidence from high-tech start-ups in China', Emerging Markets Review, 49 (2021) [C1]
This study applies fsQCA to examine the effectiveness of government subsidies on the performance of high-tech start-ups under different configurations. We find that 1) ... [more] This study applies fsQCA to examine the effectiveness of government subsidies on the performance of high-tech start-ups under different configurations. We find that 1) selective subsidies can help ventures maintain high-performance regardless of the legal environment in which start-ups operate; and 2) start-ups with non-selective subsidies do not necessarily have high-performance if they operate in regions with weak legal protection and face strong market competition. We contribute to the literature by emphasizing that the effectiveness of government subsidies relies on the interplay of firm attributes and legal environment. Our findings also have practical implications for government support of sustainable entrepreneurs.
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| 2021 |
Farah T, Li J, Li Z, Abul S, 'The non-linear effect of CSR on firms? systematic risk: International evidence q', JOURNAL OF INTERNATIONAL FINANCIAL MARKETS INSTITUTIONS & MONEY, 71 (2021) [C1]
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Open Research Newcastle | |||||||||
| 2020 |
Li J, Haider ZA, Yefeng W, Zhenyu W, 'Do family firms have higher or lower deal valuations? A contextual analysis', ENTREPRENEURSHIP THEORY AND PRACTICE (2020) [C1]
How does the socioemotional wealth (SEW) of a family firm affect its deal valuation in acquisition? Using a sample of 515 completed transactions of S&P 500 firms ov... [more] How does the socioemotional wealth (SEW) of a family firm affect its deal valuation in acquisition? Using a sample of 515 completed transactions of S&P 500 firms over the period 2003¿2016, we examine a number of contexts and find that SEW creates differential valuations of targets by family firms vis-à-vis non-family firms. Particularly from an internationalization perspective, acquisitions may be an ideal option for family firms because foreign acquisitions may be loosely coupled from the core firm. Post-hoc analyses on the heterogeneity in family governance reveal that founder and descendant board chairs may have different perceptions of SEW.
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Open Research Newcastle | |||||||||
| 2019 |
Jacoby G, Li J, Liu M, 'Financial distress, political affiliation, and earnings management: The case of politically-affiliated private firms', The European Journal of Finance, 25, 508-523 (2019) [C1]
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| 2019 |
Dou J, Jacoby G, Li J, Su Y, Wu Z, 'Family involvement and family firm internationalization: The moderating effects of board experience and geographical distance', Journal of International Financial Markets, Institutions and Money, 59, 250-261 (2019) [C1]
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Open Research Newcastle | |||||||||
| 2019 |
Li J, Jin X, Haide Z, Yuan W, 'Corporate controversy, social responsibility and market performance: International evidence', Journal of International Financial Markets Institutions & Money, 60, 1-18 (2019) [C1]
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Open Research Newcastle | |||||||||
| 2017 |
Li C, Li J, Liu M, Wang Y, Wu Z, 'Anti-misconduct policies, corporate governance and capital market responses: International evidence', Journal of International Financial Markets Institutions & Money, 48, 47-60 (2017) [C1]
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| 2017 |
Li C, Li J, Wu Z, 'Dark side of investment in employee education in privately-held companies', Finance Research Letters, 22 190-196 (2017) [C1]
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| Show 10 more journal articles | |||||||||||
Grants and Funding
Summary
| Number of grants | 1 |
|---|---|
| Total funding | $6,000 |
Click on a grant title below to expand the full details for that specific grant.
20231 grants / $6,000
Inside Debt and Broad Framing of Risky Decisions: Evidence from Geographic Diversification in Serial Acquisition$6,000
Funding body: Accounting & Finance Association of Australia and New Zealand Ltd
| Funding body | Accounting & Finance Association of Australia and New Zealand Ltd |
|---|---|
| Project Team | Doctor Jialong Li, Professor Zhenyu Wu |
| Scheme | Research Grant |
| Role | Lead |
| Funding Start | 2023 |
| Funding Finish | 2023 |
| GNo | G2300673 |
| Type Of Funding | C1700 - Aust Competitive - Other |
| Category | 1700 |
| UON | Y |
Research Supervision
Number of supervisions
Current Supervision
| Commenced | Level of Study | Research Title | Program | Supervisor Type |
|---|---|---|---|---|
| 2024 | PhD | The impacts of Climate-related disclosures on corporate stakeholders | PhD (Accounting & Finance), College of Human and Social Futures, The University of Newcastle | Co-Supervisor |
| 2023 | PhD | An Investigation Into The Integrated Reporting Practices Of Corporate Business Organisations In The Saudi Arabian Stock Exchange Tadawul | PhD (Accounting & Finance), College of Human and Social Futures, The University of Newcastle | Co-Supervisor |
| 2022 | PhD | The Impact of Boilerplate CSR Disclosure on non-professional Investors’ Judgments | PhD (Accounting & Finance), College of Human and Social Futures, The University of Newcastle | Co-Supervisor |
Past Supervision
| Year | Level of Study | Research Title | Program | Supervisor Type |
|---|---|---|---|---|
| 2025 | PhD | Corporate Greenwashing, Environmental Disclosure Regulation, and Cost of Bank Loans: International Evidence | PhD (Accounting & Finance), College of Human and Social Futures, The University of Newcastle | Co-Supervisor |
Dr Jialong Li
Position
Senior Lecturer
Newcastle Business School
College of Human and Social Futures
Focus area
Accounting and Finance
Contact Details
| jialong.li@newcastle.edu.au | |
| Phone | 0249138533 |